Update for BTC BEARS - Are we Bull or Bear? What I learned.My last update on this was overconfident in the downward trendline. I fess up to this shortsightedness. I did end up stopping out. However! What did I learn? This is most important. There is a 1:1 extension on the chart (as seen here) this is now a tricky setup. I have re-entered a short on the 41.5k range, looking to exit half the position when we retest the downward trendline. If we bounce off that, or we extend to 45k, I will start to consider a bullish thesis (but only short term).
I won't be bull until we break over 200 day MA. That's the deal.
Hope this was helpful! :)
